Fyffes links with Cape and Outspan
THREE of the worlds best-known fruit brands are coming together in a £36 million joint venture.
Fyffes, Europes leading importer and distributor of fresh produce, said it had signed a deal with Cape and Outspan.
Fyffes is paying £24m for a 50% stake in Capespans European subsidiary, based in Buckinghamshire.
In addition, Fyffes is taking a 105 stake in the parent company based in Cape Town for a maximum of £12m.
Fyffes has been involved in distributing Cape and Outspan for years and the deal is intended to formalise the relationship.
- The Independent 24/12/98 page 22 (Business Roundup)
- Financial Times 24/12/98 page 16 (News Digest)
- The Daily Telegraph 24/12/98 page 22